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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
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Cobra Bio-Man. | LSE:CBF | London | Ordinary Share | GB0031704835 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 2.25 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
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0 | 0 | N/A | 0 |
Cobra Bio-Manufacturing PLC 19 April 2004 For Immediate Release 19 April, 2004 Cobra Biomanufacturing Plc COBRA AWARDED US PATENT FOR MANUFACTURE OF BIOPHARMACEUTICALS Keele, UK: Cobra Biomanufacturing plc (AIM: CBF), the international manufacturer of biopharmaceuticals, today announces the award of a US patent covering the RiboCLEAR system of novel cell lines engineered specifically for the manufacture of biopharmaceuticals at lower cost and higher quality. The US Patents and Trademarks Office has issued Notice of Allowance to Cobra for US Patent Application 09/291,347, a patent entitled purification of cellular components that are substantially RNA free. Formal issuing of the patent under US patent law will follow the Notice. RiboCLEAR is a microbial cell line specifically designed for the manufacture of biopharmaceuticals, sales in this sector of the pharmaceutical industry currently exceeding $45 billion dollars per annum. The strains covered by the invention produce products that are free of a contaminant called RNA, a potentially dangerous and troublesome contaminant that is difficult to remove from such biopharmaceutical products such as plasmid DNA and some protein products. RiboCLEAR has a distinctive advantage in that processing is simplified and avoids the alternative, use of the very expensive raw material, ribonuclease (which degrades RNA). As ribonuclease is derived from cattle, pharmaceutical products produced using this additive carry a risk of contamination with BSE and such manufacturing processes are not acceptable in today's regulatory climate. RiboCLEAR strains avoid the use of such enzymes and therefore produce safer products of higher quality and at lower cost. David Thatcher, Chief Executive of Cobra, said: "Along with our ORT and ORT-VAC technology, grant of this patent validates Cobra's innovative research into the development of manufacturing solutions which reduce the cost of manufacture and increases the quality assurance of our customers products." - ENDS - For further information please contact: David Thatcher, Chief Executive Officer Cobra Biomanufacturing + 44 (0) 1782 714 181 Mark Court/Rebecca Skye Dietrich Buchanan Communications + 44 (0) 207 466 5000 Notes to Editors Cobra Biomanufacturing Plc is a leading international manufacturer of biopharmaceuticals to the lifescience industry. Founded in 1992, Cobra provides innovative manufacturing solutions to the biopharmaceutical industry covering recombinant protein, , virus, cellular therapeutics and DNA. Cobra was the first company to develop GMP (Good Manufacturing Practice) standard DNA manufacture in Europe, with specific expertise in DNA medicines. A range of unique, patented technologies, underpins this revenue generating business. Cobra floated on the Alternative Investment Market of the London Stock Exchange in June 2002 raising #7 million and raised a further #5.25 million in May 2003 in order to further expand capacity in Oxford UK. RiboCLEAR Technology is a way of creating totally stable genetically engineered strains that produce biopharmaceutical products, which are essentially RNA free. RNA is a nucleic acid which is found in the cells used to manufacture biopharmaceuticals. RNA encodes genetic information and therefore is potentially a dangerous contaminant in injectable biopharmaceuticals. The regulatory authorities therefore tightly control levels of RNA contamination. RiboCLEAR microorganisms are engineered to co-produce the enzyme bovine ribonuclease which degrades RNA rapidly. In the past a number of processes such as those for the manufacture of plasmid DNA have incorporated a step that involves the addition of bovine ribonuclease. The major disadvantage of this step is the expense of the enzyme, currently the enzyme has to be obtained from certified BSE free Australasian herds and the stance of the regulatory authorities which currently discourages the use of all cattle products in injectable biopharmaceuticals. Normally expression of ribonuclease is toxic to the cell. Cobra's molecular biologists have found a method to induce accumulation of the enzyme in the cell wall where it is sequestered from the rest of the cell during the growth phase and released during subsequent processing to RNA. ORT(R) Technology is a way of creating totally stable genetically engineered strains of micro-organisms without the use of antibiotics or antibiotic genes. Other technologies rely on either integrating the synthetic gene(s) into the bacterial chromosome or using antibiotics and antibiotic resistance genes to amplify replicating mini-chromosomes (called plasmids) containing the new genes. In the vaccine field it has been known for 10 years that the former approach leads to poor strain productivity and the latter to strain instability. Use of antibiotics also creates the risk of passing on the antibiotic resistance genes to pathogens in the environment. Such events have occurred naturally to create MRSA super bug strains so ORT(R) strains are inherently safer for patients. ORT(R) technology avoids these problems. ORT-VAC Technology harnesses the advantages of conventional genetic engineering with the safer ORT(R) strain stabilisation technology. ORT-VAC allows rapid and simple construction of bacterial vaccine strains, capable of expressing massive quantities of synthetic antigenic proteins that can lead to protection against disease without the fear of creating antibiotic resistant strains which might be difficult to manage clinically. ORT-VAC technology can potentially be used to protect both against common infectious diseases such as meningitis, new diseases such as SARS, old diseases posing a new threat such as those which could be used by terrorists and also cancer. Statements contained within this press release may contain forward-looking comments which involve risks and uncertainties that may cause actual results to vary from those contained in the forward-looking statements. In some cases, you can identify such forward-looking statements by terminology such as 'may', ' will', 'could', 'forecasts', 'expects', 'plans', 'anticipates', 'believes', ' estimates', 'predicts', 'potential', or 'continue'. Predictions and forward-looking references in this press release are subject to the satisfactory progress of research, which is, by nature, unpredictable. Forward projections reflect management's best estimates based on information available at the time of issue. This information is provided by RNS The company news service from the London Stock Exchange END NRABRGDSXBBGGSL
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